Tuesday, 25 July 2017

PRESS RELEASE - POST AUCTION - Springhill, Ballinabarna, Athy, Co. Kildare


Springhill”, Ballinabarna, Athy, Co. Kildare

Joint selling agents Jordan Auctioneers and John Osborne of Leinster Marts had a very successful sale of 60 acres with a residence and yard located just outside Athy on Monday last before a packed Auction room of in excess of 70 people

The property was offered for sale in three lots and there was active interest from the outset. Lot 1 comprised a detached bungalow (in need of refurbishment) together with a yard and 31 acres. This opened with an offer of €300,000, with four active bidders pushing the price up to €551,000.

Lot 2 which was located across the road comprised 29 acres with no buildings all in permanent pasture and this opened with an initial offer €150,000 and was bid to €220,000.

Lot 3 was the entire property and the offer of €772,000 secured the sale to a local party as there was no alteration in the prices offered for the individual lots when Auctioneer Paddy Jordan tried them for the last time.

Overall the price reflects just under €13,000 per acre including the house and buildings. Speaking after the Auction Paddy Jordan said ‘there had been great interest in the property from the outset and the location combined with the quality of the land had driven the sale’. Paddy further commented that ‘land around the Athy area always tended to generate substantial interest which was perhaps a result of the strong and ambitious farming base’.


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